The US and Iran are close to signing a 60-day ceasefire extension that would reopen the Strait of Hormuz, allowing Iran to resume oil sales and creating a window for negotiations on Tehran’s nuclea…

Mediators say proposal would extend the ceasefire, gradually reopen Hormuz and ease pressure on Iranian ports, while delaying detailed nuclear negotiations for a later phase

A fragile ceasefire has been in place since April 8, punctuated by skirmishes as the U.S. and Iran jockey over the Strait of Hormuz.

The US and Iran are close to signing a 60-day ceasefire agreement that would reopen the Strait of Hormuz, allow Iran to freely export oil, and begin negotiations on curbing…